OneMain Financial Performance Overview
A deep history with non-prime customers
Secured lending and ability-to-pay underwriting
lowers losses and dampens volatility through
economic cycles
Legacy Leaf vs industry charge-off performance¹
Non-prime customer performance typically less
volatile through economic cycle
Credit Card balances rolling to serious delinquency²
13 quarters
45%
12%
40%
10%
35%
30%
8%
25%
6%
20%
4%
15%
2%
10%
5%
0%
1997
1999 2001 2003 2005 2007
009 2011 2013 2015 2017
0%
Legacy Springleaf
Private Label Credit Card
Subprime Auto
20 Year Legacy Springleaf Average
2001
2002
2003
Annual Losses
Avg.
Min
Max
FICO Band
<620
Legacy Springleaf
5.5%
3.5%
8.4%
620-659
660-719
Private Label Credit Card
7.0%
4.4%
11.3%
720-759
Subprime Auto
6.0%
2.9%
9.0%
760+
OneMain Financial.
<620
2004
2005
2006
620-659
~17 quarters
660-719
2007
2008
2009
아 2010
2011
2012
2013
2014
2015
2016
2017
720-759
760+
Multiple, Trough to Peak
1. JP Morgan Retail Card ABS monthly data - December 2017, S&P Subprime Auto Loan Index monthly data - through December 2017, gray bars indicate recessionary periods.
Springleaf C&l only. 2. A. Haughwout, D. Lee, J. Scally, and W. van der Klaauw. "Just Released: More Credit Cards, Higher Limits, and... an Uptick in Delinquency." Liberty Street
Economics (FRBNY), August 2017.
1.9x
2.2x
2.9x
4.5x
6.2x
20
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